207 E Pearl Street Ishpeming, MI $ 585,000
207 E Pearl Street
$ 585,000
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207 E Pearl Street

Ishpeming, MI, 49849
$ 585,000
Bedrooms-- Baths-- Sq 2,790

Monthly Estimate*

$ 4,040

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Commercial Property for sale in Ishpeming, MI

for $585,000. This 2,790 square foot building was built in 1903 on a lot size of 0.12.

Own an Ishpeming Institution — Mama Mia’s Italian Restaurant Since 1981, Mama Mia’s has been a familiar and beloved part of downtown Ishpeming. For more than four decades, generations of families, friends, locals and visitors have shared meals, celebrations and memories here while enjoying authentic Italian cuisine. Known throughout the area as a destination for Italian dining, Mama Mia’s has become more than a restaurant, it’s a part of the community’s history and a name people know and remember. There is tremendous value in what is being offered here. The sale includes the established Mama Mia’s business, real property, building and lot, equipment, inventory and supplies, POS system, Class C Liquor License, and closely held recipes along with the brand recognition, goodwill, reputation and customer base built over more than four decades. This is an opportunity to acquire the foundation and infrastructure of an established restaurant rather than starting from the ground up. For someone who has dreamed of owning a restaurant, this is an opportunity to step into a turnkey operation and make a well-known local establishment your own. Mama Mia’s attracts loyal local customers as well as visitors from near and far throughout the year, providing a strong foundation for a new owner to carry on its tradition while bringing their own vision to the business. There is also significant opportunity to expand the business through catering, an area that has not been the primary focus of the current ownership. Catering could provide an additional avenue to build on the strong foundation and reputation Mama Mia’s has already established. The restaurant is currently operating as an established business. Recent improvements include a brand-new HVAC system in the back dining room and a new water heater installed in February 2026. Financial information is available to qualified, serious buyers upon execution of a Non-Disclosure Agreement (NDA).

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Commercial Active

Price

$ 585,000

Property Type

Commercial

Taxes

$ 4,858

Style

Business

Lot Size

0.12

Year Built

1903

Town/City

Ishpeming

County/Region

Marquette

MLS | Web ID

50222673

Features
General
Heating Forced Air Zoned Heating
Cooling Ceiling Fan(s) Central A/C Exhaust Fan Humidity Control
Roof Rubber Tile
Zoning Commercial Commercial
Water Public Water
Status Active Active
Year Built 1903
Parking Municipal Off Site
Water Heater Electric
County Marquette
Class COM/IND/BUS OPP
Type Business
Business Type Restaurant
Ownership LLC
Municipality Ishpeming
Subdivision MI
Sale/Rent For Sale
Status Detail 0
Commercial Features 2 Phase Power 220 Volt Power ADA Accessible Alley Cafe/Kitchen Carpet Ceramic Floor Delivery Area Display Window Fixtures Floor Drain Flr Thickness: 4+ - 6 In. Furniture No Elevator No Tank
Area Ishpeming (52013)
Primary City Ishpeming
Virtual Tour https://my.matterport.com/show/?m=7fhmeraKBsB
Directions From US 41 heading west in Ishpeming take the roundabout onto N 2nd St take the second roundabout onto N 3rd st take a right on Hematite turn left on 1st st take a left on Pearl
City Ishpeming
Financial Terms Cash Commercial Loan
Legal Description ORIGINAL PLAT CITY OF ISHPEMING LOT 97.
DOM 15
Postal Code 49849
Price Per Sq Ft Total AG 209.68
Public Remarks Own an Ishpeming Institution — Mama Mia’s Italian Restaurant Since 1981 Mama Mia’s has been a familiar and beloved part of downtown Ishpeming. For more than four decades
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Exterior
Exterior Brick Brickcote Stucco
Frontage 50
Lot Size Area 0.12
Lot Dimensions 105x50
Lot Description Storm Drains Utilities Underground
Water Features None
Roads City/County Curbed Paved Street Year Round
Waterfront Y/N No
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Interior
Ceiling Height Less than 16 Ft.
Fuel Type Natural Gas
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* Excluded Features
List By
SCOTT SYRJALA

Listing Agent

Coldwell Banker Schmidt Realtors

Broker

syrjalarealestate@gmail.com

Email

Affordability Calculator

$4,445
Per Month
91%
9%
0%
Monthly Principal & Interest
$4,040
Monthly Property Taxes
$405
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/23/2026$585,000 Listed Price

Map


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207 E Pearl Street, Ishpeming, MI, 49849 is a Commercial Property for sale at $585,000 with 2,790 sqft and a lot size of 0.12. 207 E Pearl Street was built in 1903. The property's zip code is 49849 which is in Ishpeming, MI